Statement

Tungsten ore guided sharply lower, bearish market sentiment strong

Details: Category: Tungsten's News

Yesterday announced the offer, tungsten end demand continues to slump, the market lacks effective support, and lack of business confidence, tungsten Association yesterday afternoon, Minmetals, Jiang W tripartite announced November prices are down, the market is increasingly strong bearish sentiment.

Ganzhou Tungsten Association guide price, as we did last month fell to 95,000 yuan expect / ton, learned of the transaction on the spot market wolframite concentrate at 9-9.2 yuan / ton vicinity, mainstream or expected short-term ore prices hovering in 9-9.3 Wan yuan / ton.

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Tungsten Carbide Cutting Tool Technology Promotes Chinese Tungsten Industry

Details: Category: Tungsten's News

Tungsten carbide cutting tool’s main component is tungsten, and it is the most widely used end product in the industry chain of tungsten materials. Because its technological level directly reflects that of the tungsten industry in China and therefore is essential for whether China can turn from a country with large tungsten resources into a country with high tungsten related technology. Acknowledged by the rest of the world, China is rich in tungsten resources and ranks first around the world in tungsten resources, output, export and consumption. However, the advantage of rich tungsten resources has still far from being transformed into industrial advantage. The shortages of domestic tungsten industry, compared with the tungsten industry abroad, lie in: (1) the overall backwardness in technical equipment; (2) the weakness of independent innovation capability; (3) the oversupply of low-end and regular carbide cutting tool products and insufficient supply and technological reserve of high-end and high-property carbide cutting tools; (4) the dissociation between tungsten carbide material production and tungsten carbide cutting tool production, which has restrained the further development of high-end tungsten carbide cutting tools.

The above mentioned shortages are failed to be solved, so that currently, the supply of high-property tungsten carbide materials and high-end tungsten carbide cutting tools lies in the hands of some developed countries like America, Japan, etc. China then has to spend over 1 billion dollars to import those high-end products like tungsten carbide cutting tools each year. This kind of state of affair is extremely inconsistent with China’s status as a country with the most tungsten resources. China has to accelerate the development in tungsten powder material, high-property tungsten carbide material and cutting tool design, etc., and foster the technical and industrial advantages in the key links of tungsten industry, only by which can China’s tungsten carbide material, cutting tool technology and product quality be improved significantly and thus help China to turn from a country with large tungsten resources into a country with high tungsten related technology.

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Tungsten Carbide Cutting Tool Industry in China Faces Talent Shortage

Details: Category: Tungsten's News

Tungsten carbide cutting tool industry has been through over ten years’ rapid development in China, but now, it meets its bottleneck. There are quite a number of difficulties in the current cutting tool industry, and the best solution to these problems would lie in the establishment of a high-quality talent team.

The modern cutting technology develops on the basis of material science, equipment manufacturing technology, information technology, etc. The professional areas it covers have exceeded the category of the traditional cutting technology profession. Therefore, the restructuring of professional talents is also required. Due to the importance of tungsten carbide cutting tool material and its coating technology, new professions and talents should be introduced accordingly.

In addition, because there are no longer metal cutting and cutting tool majors in undergraduate colleges, the majority of college students newly introduced lack cutting technique and basic cutting tool knowledge which are essential to people who engaged in this industry, like cutting tool designers and developers, material developers, coating grade developers and even salesmen. They all should be able to analyze the existing problems, improvement areas and innovation prospects by using all of this knowledge.

A group of inter-disciplinary talents of tungsten carbide cutting tool industry is vital to the development of the whole tungsten carbide cutting industry. With the transformation of enterprises, anther group of talents of field service with certain cutting technology knowledge should also be cultivated to be the technological support for salesmen.

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Tungsten Carbide Cutting Tool Market in China Still Needs Improvement

Details: Category: Tungsten's News

Tungsten carbide cutting tool output in China maintains a sustainable growth, which places tungsten carbide cutting tools in a dominant position among various kinds of cutting tools. However, from the current situation in Chinese market, the domestic market share of tungsten carbide cutting tools is still lower that of the import ones. Therefore, the adjustment of the industrial structure is extremely urgent.

There are three main reasons that can account for the lower market share of the homemade tungsten carbide cutting tools:

I. Some manufacturers of tungsten carbide cutting tools in China lack enough quality awareness.

II. Many tungsten carbide cutting tool companies abroad provide thoughtful service including selecting, transporting, adjusting and replacing cutting tools for customers, which is neglected by the majority of manufacturers in China.

III. Some tungsten carbide cutting tool factories still remain the kind of production mode of individual workshop with low technological level and are always poorly equipped, which can not ensure the product quality.

From the current situation, tungsten carbide material has been in the dominant position among various kinds of cutting tool materials because it has better properties and higher cutting efficiency. However, if the tungsten carbide cutting tool enterprises want to achieve further and better development, they need to make industrial structure adjustment as soon as possible and accelerate the construction of production bases.

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Tungsten Market volume was light, many businesses wait wait

Details: Category: Tungsten's News

Tungsten market: by funding constraints and inventory pressure dragged the market today continues to run low tungsten, tungsten concentrate market price interval low dropping again, and then thinly traded spot market, many businesses wait wait guided introduction. Tungsten powder and tungsten carbide prices continue to fall, it has been consistent with the regeneration of tungsten prices. Market sentiment is very pessimistic, most businesses have been reluctant transactions with quotes, the overall turnover in the doldrums. Terminal steel demand is also declining, less demand for ferro-tungsten, tungsten iron manufacturers generally take the goods difficult, most manufacturers have cut tungsten iron / discontinued operation.

Ferrotungsten demand continues to slump, little change in the export market

Details: Category: Tungsten's News

This week tungsten market continued weak demand for end mills has also been reduced, less demand for tungsten, iron, tungsten, iron manufacturers generally take the goods difficult, most manufacturers have cut tungsten iron / discontinued operation. Despite the low operating rate ferrotungsten market, but very poor end demand, the market is still an oversupply of tungsten iron, lack of effective support strong prices this week, the mainstream market quotations ferrotungsten relatively small decline last week.

Last weekend tungsten and molybdenum export quota news, traders mentality ferrotungsten slightly active, but because this year the quota has not been exhausted, the tariff policy in 2015 has not yet been introduced, so the temporary multi ferrotungsten businesses wait and see, temporary changes in export markets not. It is understood that last week 70 ferrotungsten offer mainstream acceptance concentrated in 16.8-16.9 yuan / ton, now 70 ferrotungsten offer mainstream acceptance concentrated in 16.7-16.8 yuan / ton.

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Quotes temporarily stable tungsten products sidelines, powder price continue to fall

Details: Category: Tungsten's News

Tungsten Products sidelines temporarily stable prices, the market continued to fall due to the powder, and tungsten products sluggish downstream demand, so businesses do not intend price, quote temporarily remain intact. Currently tungsten steel offer 260 yuan / kg, high-purity tungsten 290 yuan / kg, waiting for the market introduction of changes after the guide price. Expected short-term tungsten products market continues steady weakening trend.

Tungsten powder and tungsten carbide prices continue to fall, the current business offer has been as low as 238 yuan / kg, the actual price or less, have been consistent with the regeneration of tungsten prices. Market sentiment is very pessimistic, most businesses have been reluctant transactions with quotes, the overall turnover in the doldrums.

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Tungsten Carbide Cutting Tool R & D Production Base Construction (II)

Details: Category: Tungsten's News

III. Tungsten carbide cutting tool innovation

The cutting tool innovation is the most important factor for promoting cutting technology and improving cutting efficiency. Modern innovation is this area lies in three aspects as follows:

(1) Material grade innovation

It accounts for a large proportion among the cutting tool innovations nowadays. Some large enterprises abroad with the capability to develop and produce tungsten carbide and other super-hard materials will provide many new cutting tool material grades every year to attraction attentions on their new products. They are developed according to the characteristics and requirements in some specific areas and are given the related advantages to improve machining efficiency by over 20%.

(2) Tungsten carbide cutting tool coating innovation

Coating technology innovation not only contributes to the cutting efficiency improvement of the cutting tools, but also to the better and faster innovation of the cutting tool coating grades. However, China up to now still lacks the capability to do its own development towards coating equipment and technology. Therefore, to strive to develop cutting tool coating technology is of utmost urgency.

(3) Tungsten carbide cutting tool structure innovation

The innovation towards cutting tool structure not only improves the cutting tool property, but also has great effect on the development of cutting tool varieties sometimes. For example, the milling cutter structure that can do slope milling significantly expands the functions of milling cutters and reduces the blade replacing times. Also, its structure characteristics have been applied in milling cutters of different kinds, which promote the development of milling processing and milling cutters. The emergence of every type of new cutting tool can attract great attention from the whole industry and help the rapid application among it, which is good for the richness of cutting tool varieties and the improvement of cutting tool properties. A large number of tungsten carbide cutting tool enterprises in China only produce cutting tools without putting a bit of efforts on cutting tool materials development and production, thus much more importance should be attached to cutting tool structure innovation in the future.

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Tungsten Carbide Cutting Tool R & D Production Base Construction (I)

Details: Category: Tungsten's News

Tungsten carbide cutting tool, as a kind of high-performance and super-hard cutting tool, has made great contribution to the development of manufacturing industry in China. However, in view of the great demands from the manufacturing industry, there are still some problems that need to be solved by the whole cutting tool industry, which lie in product structure adjustment, industry transformation and tool innovation. Further developments must be achieved in these three aspects to lay a foundation for the further development in both cutting tool industry and manufacturing industry.

I. Product structure adjustment

Nowadays, tungsten carbide material has been in a dominant position among the cutting tool materials. Compared to high-speed steel material, tungsten carbide material is of better properties and higher cutting efficiency. However, tungsten carbide cutting tool production accounts for only 40% of the total amount of cutting tool production in China, which is much lower than that of the industrial developed countries. Without good cutting tool materials, any innovation in cutters and breakthrough in cutting technology would lack material base. To solve this problem fundamentally, the product structure in this industry needs to be adjusted. Therefore, Chinese government needs to help accelerate the construction of the research % development production base of tungsten carbide material and cutting tools.

II. Industry transformation.

In recent years, China’s cutting tool industry has remained a fast growth but with a majority of low-end products. In addition, some cutting tool manufacturers produce inferior products at the cost of environment with cheap labor power. Therefore, industry transformation has to be done without hesitation.

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Tungsten Carbide Cutting Tool Leads Cutting Tool Industry Forward

Details: Category: Tungsten's News

Tungsten carbide cutting tool nowadays has represented the future development of cutting tool industry in China. During several export rebate rate adjustments this year, the export rebate rate of tungsten carbide cutting tools has been raised from 5% to 11%, which demonstrates the support from the Chinese government towards tungsten carbide cutting tool industry.

There are two main types of products in the cutting tool market in China currently, i.e. high-speed steel cutting tools and tungsten carbide cutting tools. High-speed steel cutting tools are not encouraged in the industry because it produces low-end products while consuming a great number of resources. However, since there are still great needs from machinery manufacturing industry, and many domestic cutting tool enterprises have not yet transformed their cutting tool manufacturing technology, the majority of cutting tools produced are still high-speed steel cutting tools. At the same, China also exports a great volume of high-speed steel cutting tools, which becomes one of the factors contributing to international trade friction. There once have been boycotts against China from Spain and some South American countries. Therefore, the Tool Branch of Chinese Machine Tool Industry Association has more than once called on the reducing of the export of high-speed steel cutting tools. China’s adjustment towards the export rebate rate of tungsten carbide cutting tools this time will be the best encouragement and support for this industry.

For domestic enterprises, the adjustment means much more than increasing profits. It also gives them confidence to go further in their development. With the support from the country and the confidence of the enterprises, a brighter future can surely be expected in China’s tungsten carbide cutting tool industry.

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